Retirement Systems of Alabama Purchases 185 Shares of ONE Gas, Inc. (NYSE:OGS)

Retirement Systems of Alabama grew its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,820 shares of the utilities provider’s stock after acquiring an additional 185 shares during the period. Retirement Systems of Alabama owned 0.28% of ONE Gas worth $10,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in ONE Gas in the fourth quarter worth $30,395,000. Energy Income Partners LLC raised its holdings in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after buying an additional 366,363 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of ONE Gas during the first quarter worth about $16,939,000. First Trust Advisors LP boosted its stake in ONE Gas by 15.3% during the 4th quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock valued at $70,657,000 after purchasing an additional 147,471 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in ONE Gas by 283.6% during the 1st quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after purchasing an additional 142,865 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $68.08 on Friday. ONE Gas, Inc. has a fifty-two week low of $55.50 and a fifty-two week high of $75.89. The company’s 50-day moving average is $65.81 and its 200 day moving average is $63.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The company has a market capitalization of $3.86 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 3.48 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The firm’s revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. On average, equities research analysts forecast that ONE Gas, Inc. will post 3.84 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.64 annualized dividend and a dividend yield of 3.88%. ONE Gas’s payout ratio is presently 65.19%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OGS shares. Morgan Stanley dropped their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Mizuho lifted their price objective on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, June 5th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Finally, Wells Fargo & Company boosted their price target on shares of ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $63.36.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.